https://www.taxtmi.com/caselaws?id=405491 The Tribunal dismissed the revenue's appeal and allowed the assessee's cross-objection for statistical purposes. The gains from the transfer of 35% land area were to be taxed under "Capital Gains," and the deduction under section 54EC was applicable. The computation of capital gains should consider the indexed cost of acquisition as per the law. The Tribunal upheld the CIT(A)'s findings with modifications regarding the computation of the indexed cost of acquisition. en-us Wed, 17 Mar 2021 00:00:00 +0530 Mon, 22 Mar 2021 09:16:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405491 The Tribunal dismissed the revenue's appeal and allowed the assessee's cross-objection for statistical purposes. The gains from the transfer of 35% land area were to be taxed under "Capital Gains," and the deduction under section 54EC was applicable. The computation of capital gains should consider the indexed cost of acquisition as per the law. The Tribunal upheld the CIT(A)'s findings with modifications regarding the computation of the indexed cost of acquisition. Case-Laws Income Tax Wed, 17 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405491